% README_Section_3
% Replication of section 3
% "UI Generosity and Job Acceptance:Effects of the 2020 CARES Act"
% by N. Petrosky-Nadeau and R.G. Valletta
% JPE Macro, forthcoming
% Date: May 21, 2024


% Files: 


- UI_b_Job_Acceptance_Heterog_W_Revised_Occup.m: 
	- produces main section results reported in Table 4, columns (1) and (4)-(7). Uncomment lines 99 and 100 to  to print durations of unemployment (weeks) and employment (years) spells report in columns (2) and (3) of Table 4.


- UI_b_Job_Acceptance_Heterog_W_Revised_Occup_2015_case.m:
	- reports the results in appendix Table A.4 - a stronger recovery scenario.

- ResBenef_Hetero_W_func.m: computes reservation benefit level by weeks of CARES UI supplement remaining. Called by UI_b_Job_Acceptance_Heterog_W_Revised_Occup.m and UI_b_Job_Acceptance_Heterog_W_Revised_Occup_2015_case.m.

- ReservationBenefit_In_Group_Inputs.xls: input data (2010 and 2015 job finding and job separation rates, mean and standard deviation of log earnings) for files UI_b_Job_Acceptance_Heterog_W_Revised_Occup.m and UI_b_Job_Acceptance_Heterog_W_Revised_Occup_2015_case.m


 - UI-rep_Sec_3.do: prepares earnings extract for UI-W_dist.do on the unbalanced sample created for and described in Section 2 (see Readme file for Section 2).

 - UI-W_dist.do: mean and standard deviation of log earnings for the file  ReservationBenefit_In_Group_Inputs.xls computes on CPS-2020_ASEC-monthly_for_Sec_3.dta

- Micro_data_prep: estimates job finding and job separation rates, mean and standard deviation of log earnings for the file  ReservationBenefit_In_Group_Inputs.xls 





